Alibaba Group stunned investors when it announced that it would suspend the listing plan of its cloud computing unit, while also revealing that cofounder Jack Ma intends to sell some of his shares. ( read original story ...)
Stock market today: Asian stocks pulled lower by profit warnings and signs the US economy is slowing
Asian stocks were mostly lower Friday after Wall Street drifted to a mixed finish as momentum slowed following a strong rally in the first half of November. U.S. futures and oil prices edged higher. ( read original story ...)
Alibaba’s U-turn on cloud unit spin-off lops $20 billion off its market value
Alibaba Group's Hong Kong shares slumped 10% on Friday after it scrapped plans to spin off its cloud business, citing uncertainties fuelled by U.S. curbs on exports to China of semiconductors used in ... ( read original story ...)
Stock market today: Asian shares wobble and oil prices fall after Biden’s meeting with China’s Xi
Asian shares have retreated after Wall Street added a bit more to its big rally from a day before, while U.S. futures and oil prices were lower. Any lift in sentiment from a meeting between U.S. ( read original story ...)
Syngenta delays nearly $9B IPO on Shanghai market
Syngenta Group says it won't go public on Shanghai's main market this year due to unfavorable market conditions. ( read original story ...)
Tims China Announces Third Quarter 2023 Financial Results
TH International Limited (Nasdaq: THCH), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China (“Tims China” or the “Company”) ... ( read original story ...)
Henlius Reported Financial Results for the First Three Quarters of 2023: Total Revenue Exceeded RMB3.9 billion, Profitability Further Improved
Henlius（2696.HK）announced its financial results and business update for the first three quarters of 2023. As of September 30, 2023, Henlius generated a total revenue of RMB3.9278 billion, rising by 84 ... ( read original story ...)